State Program Performance Data
Monthly State Program Performance Data & Trends
California
Key Program Metrics Snapshot
(as of May 31, 2021)
Program Performance Indicators, Monthly Percent Change
(as of May 31, 2021)
| 4/30/21 | 5/31/21 | Percent Change
4/30/21-5/31/21 |
|
| Total Assets | $66,177,283 | $77,240,691 | 16.7% |
| Total Funded Accounts | 138,590 | 148,365 | 7.1% |
| Total Withdrawals | $5,846,082 | $7,082,516 | 21.1% |
| Accounts with Withdrawals |
16,053 |
18,131 |
12.9% |
| Average Deferral Rate | 5.11% | 5.10% | |
| Average Monthly Contribution Amount |
$136.38 |
$127.70 |
-6.4% |
| Average Funded Account Balance |
$477.50 |
$520.61 |
9.0% |
| Effective Opt Out Rates | 29.19% | 29.46% | |
| Total Registered Employers |
10,243 |
11,074 |
8.1% |
| Total Added Employee Data |
6,747 |
7,251 |
7.5% |
| Total Submitting Payroll Deductions |
3,676 |
3,978 |
8.2% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers. | |||
Illinois
Key Program Metrics Snapshot
(as of May 31, 2021)
Program Performance Indicators, Monthly Percent Change
(as of May 31, 2021)
| 4/30/21 | 5/31/21 | Percent Change 4/30/21-5/31/21 | |
| Total Assets | $60,475,467 | $63,687,555 | 5.3% |
| Total Funded Accounts | 87,070 | 89,038 | 2.3% |
| Total Withdrawals | $8,851,454 | $9,444,059 | 6.7% |
| Accounts with Withdrawals |
16,460 |
16,879 |
2.5% |
| Average Deferral Rate | 5.04% | 5.04% | |
| Average Monthly Contribution Amount |
$106.23 |
$98.69 |
-7.1% |
| Average Funded Account Balance |
$694.56 |
$715.29 |
3.0% |
| Effective Opt Out Rates | 34.55% | 34.18% | |
| Total Registered Employers |
6,056 |
6,059 |
0% |
| Total Added Employee Data |
4,021 |
4,027 |
0.1% |
| Total Submitting Payroll Deductions |
2,824 |
2,832 |
0.3% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice. | |||
Oregon
Key Program Metrics Snapshot
(as of April 30, 2021)
Program Performance Indicators, Monthly Percent Change
(as of April 30, 2021)
| 3/31/21 | 4/30/21 | Percent Change 3/31/21-4/30/21 | |
| Total Assets | $99,147,494 | $107,217,323 | 8.1% |
| Total Funded Accounts | 104,709 | 106,719 | 1.9% |
| Total Withdrawals | $24,724,830 | $25,955,863 | 5.0% |
| Accounts with Withdrawals | 22,219 | 22,916 | 3.1% |
| Average Deferral Rate | 5.60% | 5.60% | |
| Average Monthly Contribution Amount | $139 | $143 | 2.9% |
| Average Funded Account Balance | $947 | $1,005 | 6.1% |
| Effective Opt Out Rates | 32.7% | 32.6% | |
| Total Registered Employers | 16,856 | 16,940 | .5% |
| Total Added Employee Data | 14,487 | 14,606 | .82% |
| Total Submitting Payroll Deductions | 7,109 | 7,291 | 2.6% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves. | |||
Monthly Cumulative State Program Performance Metrics (CA, IL, and OR)
Key Program Metrics Snapshot (CA, IL and OR)
(CA and IL as of May 31, 2021, OR as of April 30, 2021)
Program Performance Indicators
Monthly Percent Change
(CA and IL as of May 31, 2021, OR as of April 30, 2021)
| 4/30/21 | 5/31/21 | Percent Change 4/30/21-5/31/21 | |
| Total Assets | $233,870,073 | $248,145,569 | 6.1% |
| Total Funded Accounts | 332,379 | 344,122 | 3.5% |
| Total Registered Employers | 33,156 | 34,073 | 2.8% |
| Total Added Employee Data | 25,452 | 25,884 | 1.7% |
| Total Submitting Payroll Deductions | 13,904 | 14,101 | 1.4% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves. | |||
Massachusetts
Key Program Metrics Snapshot
Washington
Key Program Metrics Snapshot
Quarterly State Program Performance Data & Trends
California
| 6/30/20 | 9/30/20 | Percent Change 6/30/20-9/30/20 | 12/31/20 | Percent Change 9/30/20-12/31/20 | 3/31/21 | Percent Change 12/31/20-3/31/21 | Percent Change
6/30/20- 3/31/21 |
|
| Total Assets | $5,222,591 | $11,026,726 | 111.1% | $28,369,064 | 157.3% | $54,756,571 | 93.0% | 948.5% |
| Total Funded Accounts | 15,120 | 27,544 | 82.2% | 96,018 | 248.6% | 128,818 | 34.2% | 752.0% |
| Total Withdrawals | $466,367 | $955,143 | 104.8% | $2,219,958 | 132.4% | $4,920,092 | 121.6% | 955.0% |
| Accounts with Withdrawals | 1,234 | 2,656 | 115.2% | 7,224 | 172.0% | 14,190 | 96.4% | 1050% |
| Average Deferral Rate | 5.03% | 5.03% | 5.01% | 5.11% | ||||
| Average Monthly Contribution Amount | $133.72 | $126.48 | -5.4% | $113.91 | -9.9% | $135.17 | 18.7% | 1.1% |
| Average Funded Account Balance | $345.41 | $400.33 | 15.9% | $295.46 | -26.2% | $425.07 | 43.9% | 23.1% |
| Effective Opt Out Rates | 29.92% | 34.54% | 30.45% | 29.25% | ||||
| Total Registered Employers | 1,885
|
3,500 | 85.7% | 7,278 | 107.9% | 9,957 | 36.8% | 428.2% |
| Total Added Employee Data | 1,224 | 2,074 | 69.4% | 4,345 | 109.5% | 6,349 | 46.1% | 418.7% |
| Total Submitting Payroll Deductions | 555 | 855 | 54.1% | 2,203 | 157.7% | 3,280 | 48.9% | 491.0% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers. | ||||||||
Illinois
| 6/30/20 | 9/30/20 | Percent Change 6/30/20-9/30/20 | 12/31/20 | Percent Change 9/30/20-12/31/20 | 3/31/21 | Percent Change 12/31/20-3/31/21 | Percent Change
6/30/20- 3/31/21 |
|
| Total Assets | $26,469,940 | $35,187,947 | 32.9% | $46,989,252 | 33.5% | $55,672,562 | 18.5% | 110.3% |
| Total Funded Accounts | 65,933 | 71,568 | 8.5% | 79,837 | 11.6% | 85,355 | 6.9% | 29.5% |
| Total Withdrawals | $3,233,201 | $4,451,422 | 37.7% | $6,185,084 | 38.9% | $8,267,114 | 33.7% | 155.7% |
| Accounts with Withdrawals | 10,164 | 11,724 | 15.3% | 13,630 | 16.3% | 15,953 | 17.0% | 57.0% |
| Average Deferral Rate | 5.01% | 5.02% | 5.01% | 5.03% | ||||
| Average Monthly Contribution Amount | $97.49 | $96.39 | -1.1% | $96.60 | 0.2% | $103.11 | 6.7% | 5.8% |
| Average Funded Account Balance | $401.47 | $491.67 | 22.5% | $588.56 | 19.7% | $652.25 | 10.8% | 62.5% |
| Effective Opt Out Rates | 38.37% | 37.12% | 35.99% | 35.08% | ||||
| Total Registered Employers | 5,540
|
5,843 | 5.5% | 6,087 | 4.2% | 6,100 | .2% | 10.1% |
| Total Added Employee Data | 3,516 | 3,685 | 4.8% | 3,959 | 7.4% | 4,017 | 1.5% | 14.2% |
| Total Submitting Payroll Deductions | 2,460 | 2,527 | 2.7% | 2,705 | 7.0% | 2,806 | 3.7% | 14.1% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice. | ||||||||
Oregon
| 6/30/20 | 9/30/20 | Percent Change 6/30/20-9/30/20 | 12/31/20 | Percent Change
9/30/20-12/31/20 |
3/31/21 | Percent Change 12/31/20-3/31/21 | Percent Change
6/30/20- 3/31/21 |
|
| Total Assets | $58,159,405 | $69,167,837 | 18.9% | $84,741,739 | 22.5% | $99,147,494 | 17.0% | 70.5% |
| Total Funded Accounts | 70,054 | 74,333 | 6.1% | 87,909 | 18.3% | 104,709 | 19.1% | 49.5% |
| Total Withdrawals | $14,505,312 | $17,193,138 | 18.5% | $20,783,720 | 20.9% | $24,724,830 | 19.0% | 70.5% |
| Accounts with Withdrawals | 16,083 | 17,724 | 10.2% | 19,697 | 11.1% | 22,219 | 12.8% | 38.2% |
| Average Deferral Rate | 5.38% | 5.35% | 5.30% | 5.6% | ||||
| Average Monthly Contribution Amount | $137.97 | $136.17 | -1.3% | $134 | -1.6%
|
$139 | 3.7% | .75% |
| Average Funded Account Balance | $830.21 | $930.51 | 12.1% | $964 | 3.6% | $947 | -1.77% | 14.1% |
| Effective Opt Out Rates | 35.53% | 33.63% | 34.10% | 32.6% | ||||
| Total Registered Employers | 14,067 | 14,235 | 1.2% | 16,292 | 14.5% | 16,940 | 4.0% | 20.4% |
| Total Added Employee Data | 11,244 | 11,584 | 3.0% | 13,772 | 18.9% | 14,606 | 6.1% | 29.9% |
| Total Submitting Payroll Deductions | 5,720 | 6,038 | 5.6% | 6,531 | 8.2% | 7,291 | 11.6% | 27.5% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves. | ||||||||
Quarterly Cumulative State Program Performance Metrics (CA, IL, and OR)
| 6/30/20 | 9/30/20 | Percent Change 6/30/20-9/30/20 | 12/31/20 | Percent Change 9/30/20-12/31/20 | 3/31/21 | Percent Change 12/31/20-3/31/21 | Percent Change
6/30/20- 3/31/21 |
|
| Total Assets | $89,851,936 | $115,382,510 | 28.4% | $160,100,055 | 38.8% | $209,576,628 | 30.9% | 133.2% |
| Total Funded Accounts | 151,107 | 173,445 | 14.8% | 263,764 | 52.1% | 318,882 | 20.1% | 111.0% |
| Total Registered Employers | 21,492 | 23,578 | 9.7% | 29,657 | 25.8% | 32,997 | 11.3% | 53.5% |
| Total Added Employee Data | 15,984 | 17,343 | 8.5% | 22,076 | 27.3% | 24,972 | 13.1% | 56.2% |
| Total Submitting Payroll Deductions | 8,735 | 9,420 | 7.8% | 11,439 | 21.4% | 13,377 | 16.9% | 53.1% |
| Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves. | ||||||||
Annual State Program Performance Data & Trends
Individual State Program Performance Data, December 2019-December 2020
3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)
